Shree Pushkar Chemicals & Fertilisers posts 96% Q2 profit growth

Shree Pushkar Chemicals & Fertilisers Limited reported consolidated net profit of Rs 35.72 crore in Q2 FY27, up 96.26% year-on-year from Rs 18.20 crore, supported by a 58.17% rise in revenue from operations to Rs 403.48 crore for the quarter ended 30 September 2026.

What did Shree Pushkar report for Q2 FY27?

Shree Pushkar reported substantial year-on-year growth in revenue, operating profit and profit after tax for the July-September quarter. Consolidated revenue from operations increased to Rs 403.48 crore from Rs 255.09 crore in Q2 FY26. Operating profit rose 87.65% to Rs 49.24 crore from Rs 26.24 crore, while net profit nearly doubled to Rs 35.72 crore.

The company reported an EBITDA margin of 12.2%, compared with 10.28% in the corresponding quarter a year earlier. PAT margin stood at 8.9%. Earnings per share for Q2 FY27 were Rs 11.05, according to the results release issued on 2 November 2026.

How did revenue and profitability improve during the quarter?

Shree Pushkar said sustained demand, improved business performance, operational efficiency and disciplined execution supported its quarterly performance across chemical and fertiliser operations. Revenue also increased 44.1% sequentially from Rs 280.1 crore in Q1 FY27, indicating a stronger second-quarter topline than the preceding quarter.

The chemical business recorded sales of Rs 245 crore in Q2 FY27, a year-on-year increase of 85.6%. However, chemical sales volume declined 16.8% to 14,368 metric tonnes. This means the reported growth in chemical sales value occurred despite lower reported volume, while the company did not provide a detailed product-wise explanation in the information available.

For the first half of FY27, consolidated revenue from operations reached Rs 683.60 crore, compared with Rs 509.60 crore in the corresponding period of the previous financial year. The company said its Q2 and H1 FY27 results reflected growth in both the chemical and fertiliser businesses.

What capital expenditure and funding plans did Shree Pushkar approve?

Shree Pushkar approved capital expenditure of Rs 70 crore for expansion at Unit-5 in MIDC Lote Parshuram, Maharashtra. The plan involves building a new chemical plant with capacity of 3,000 metric tonnes per annum, with tentative completion scheduled for March 2028.

The board also approved the proposed preferential issue of up to 854,060 fully convertible warrants to Punit Gopikishan Makharia, Chairman and Managing Director, at Rs 526.90 per warrant. The proposed issue aggregates to about Rs 45 crore and is intended to support the expansion. The company increased its authorised share capital to Rs 34 crore from Rs 33.50 crore in connection with the proposal.

Separately, Shree Pushkar declared a dividend of Rs 2.10 per equity share, amounting to Rs 6.79 crore. The company did not provide further dividend-payment timing in the supplied information.

How does the result affect Shree Pushkar investors and operations?

The results provide investors with evidence of higher revenue and profit generation in Q2 FY27, alongside an expansion in EBITDA margin. The 1.92-percentage-point improvement in EBITDA margin and the faster growth in profit than revenue indicate better operating profitability during the quarter, based on the reported consolidated figures.

The proposed Unit-5 project places a defined investment plan alongside the quarterly results. Its expected March 2028 completion means the capacity addition remains a future operational development rather than a contributor to Q2 FY27 revenue or profit. The proposed warrant issue and authorised-capital increase are also relevant for shareholders because they are part of the stated funding structure for expansion.

Shree Pushkar operates nine facilities across Maharashtra, Madhya Pradesh and Haryana. Its fertiliser distribution network includes more than 800 distributors and 14 offices across India. The company uploaded the audio recording of its Q2 FY27 earnings conference call, held on 3 November 2026, to its website for investor reference.

Conclusion

Shree Pushkar delivered a stronger Q2 FY27, with consolidated revenue rising 58.17% to Rs 403.48 crore and net profit increasing 96.26% to Rs 35.72 crore. Higher operating profit, improved EBITDA margin and growth in chemical sales value were the key reported financial developments, although chemical sales volume declined during the quarter.

Investors will next watch progress on the Rs 70 crore Unit-5 chemical plant, which is tentatively scheduled for completion by March 2028, and the proposed Rs 45 crore preferential warrant issue. Future disclosures on project execution, chemical volumes and the company’s operating margins will provide further context on the reported growth trajectory.